Dewind Co. Acquires 160 MW Oklahoma Wind Project

KSCB News - April 14, 2011 4:01 pm

DeWind Co a wholly owned subsidiary of Daewoo Shipbuilding and Marine Engineering Co. Ltd
acquired the rights to an initial 160 MW portion of the Novus wind project from developer Novus Windpower LLC. The Novus project is the first
utility-scale wind project located in the Oklahoma Panhandle and is slated to total 370 MW when fully developed. DeWind Co is actively moving
forward to break ground by mid-2011 for the first phase of the project, currently earmarked for commercial operation in early 2012. DeWind will
install 40 of its 2 MW D9.2 wind turbines for the 80 MW Phase I, while future phases may utilize new DeWind models currently under
development. Phase I D9.2 turbines will be furnished from DeWind assembly contractor TECO-Westinghouse located in Round Rock, Texas.
Robert Rugh, President and CEO of DeWind, commented, “The Novus project provides the ideal opportunity for DeWind to showcase the new D9.2
wind turbine with its grid-friendly technology, in one of the best areas for wind generation in North America. The DeWind Novus project will
provide significant green job creation to bolster the local economy and provide clean, renewable energy to thousands of homes within the
heartland of America. This is a great win-win opportunity for direct and indirect stakeholders in the local community, with the general public
benefitting as well.”
“Closing this transaction with DeWind is the result of a targeted, multi-year effort begun four years ago,” explained Jay Lobit, President of Novus
Windpower. “We are thankful for the strong support that wind development in this general area has received from the City of Guymon, our State
Representative Gus Blackwell, the Project’s landowners, local development agencies and the State of Oklahoma itself, all of whom recognize the
significant economic growth that can be realized through development of the area’s abundant wind resource. We are pleased that our collective
efforts have enabled Novus to structure the means whereby the first commercial-scale wind turbines in the Oklahoma Panhandle will now be
installed. We look forward to working with DeWind to help bring the Project on line, and to furthering our wind project development efforts in the
area around Guymon.”
The Novus project represents the third DeWind-built wind farm in the Oklahoma-Texas panhandle. When the 80 MW Novus Phase I site enters
commercial operation, DeWind expects to have a total of 120 MW of generation capacity on line in the region.
The D9.2 wind turbine is the latest refinement of the proven DeWind 2 MW wind turbine technology, dating back to 2002 when the first DeWind 2
MW wind turbines entered commercial operation. The grid-friendly design of the D9.2 uniquely provides grid-support capability to all grid
applications and is well-suited to the Oklahoma Panhandle setting. Previously, DeWind turbines have been installed in environments ranging from
sea level to high elevations in excess of 14,000 ft., and in climates from desert heat to extreme cold.
Novus Windpower, LLC is a commercial-scale wind energy development company headquartered in Guymon, Oklahoma. Novus and
its affiliated companies, Great Plains Windpower and Distributed Wind Systems, have been actively engaged in wind project development in the area around Guymon
since late 2001. Novus Windpower has a wind project development pipeline of over 1,500 MW from project sites located in the North Texas Panhandle, the
Oklahoma Panhandle and Southwest Kansas. For additional information, visit www.novuswind.com